SCOTTSDALE, Ariz., June 15, 2016 /PRNewswire/ -- Voya
Investment Management, the asset management business of Voya
Financial, Inc. (NYSE: VOYA), announced today the distributions on
the common shares of six of its closed-end funds (each a "Fund" and
collectively, the "Funds").
With respect to each Fund, the distribution will be paid on
July 15, 2016, to shareholders of
record on July 6, 2016. The
ex-dividend date is July 1, 2016. The
distribution per share for each Fund is as follows:
Fund
|
Distribution Per
Share
|
Monthly
Distributions
|
|
Voya Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD)
Voya International
High Dividend Equity Income Fund (NYSE: IID)
|
$0.076
$0.069
|
Quarterly
Distributions
|
|
Voya Global Advantage
and Premium Opportunity Fund (NYSE: IGA)
Voya Natural
Resources Equity Income Fund (NYSE: IRR)
|
$0.280
$0.202
|
Voya Asia Pacific
High Dividend Equity Income Fund (NYSE: IAE)
Voya Emerging Markets
High Dividend Equity Fund (NYSE: IHD)
|
$0.255
$0.230
|
Each Fund intends to make regular monthly/quarterly
distributions based on the past and projected performance of each
Fund. The amount of monthly/quarterly distributions may vary,
depending on a number of factors. As portfolio and market
conditions change, the rate of distributions on the common shares
may change. There can be no assurance that a Fund will be able to
declare a distribution in each period. Past performance is no
guarantee of future results.
The tax treatment and characterization of a Fund's distributions
may vary significantly from time to time depending on the net
investment income of the Fund and whether the Fund has realized
gains or losses from its options strategy versus gain or loss
realizations in the equity securities in the portfolio. Each Fund's
distributions will normally reflect past and projected net
investment income, and may include income from dividends and
interest, capital gains and/or a return of capital.
The portion of each Fund's monthly/quarterly distributions
estimated to come from the Fund's option strategy, for tax
purposes, may be treated as a combination of long-term and
short-term capital gains, and/or a return of capital. The tax
character of each Fund's option strategy is largely determined by
movements in, and gain and loss realizations in the underlying
equity portfolio. Under certain conditions, federal tax regulations
may also cause some or all of the return of capital to be taxed as
ordinary income. The final tax characteristics of the distributions
cannot be determined with certainty until after the end of the
calendar year, and will be reported to shareholders at that
time.
Monthly Distributions
IGD estimates that for the current fiscal year as of
May 31, 2016, approximately 30% of
each distribution is characterized as net investment income, 24% is
characterized as short-term capital gain and 46% is characterized
as return of capital.
IID estimates that for the current fiscal year as of
May 31, 2016, approximately 28% of
each distribution is characterized as net investment income and 72%
is characterized as return of capital.
Quarterly Distributions
IGA estimates that for the current fiscal year as of
March 31, 2016, approximately 19% of
each distribution is characterized as net investment income and 81%
is characterized as return of capital.
IRR estimates that for the current fiscal year as of
March 31, 2016, approximately 13% of
each distribution is characterized as net investment income and 87%
is characterized as return of capital.
IAE estimates that for the current fiscal year as of
March 31, 2016, approximately 14% of
each distribution is characterized as net investment income and 86%
is characterized as return of capital.
IHD estimates that for the current fiscal year as of
March 31, 2016, approximately 5% of
each distribution is characterized as net investment income and 95%
is characterized as return of capital.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary
from net asset value based on factors affecting the supply and
demand for shares, such as Fund distribution rates relative to
similar investments, investors' expectations for future
distribution changes, the clarity of the Fund's investment strategy
and future return expectations, and investors' confidence in the
underlying markets in which the Fund invests. Fund shares are
subject to investment risk, including possible loss of principal
invested. No Fund is a complete investment program and you
may lose money investing in a Fund. An investment in a Fund
may not be appropriate for all investors. Before investing,
prospective investors should consider carefully the Fund's
investment objective, risks, charges and expenses.
Certain statements made on behalf of the Funds in this release
are forward-looking statements. The Funds actual future results may
differ significantly from those anticipated in any forward-looking
statements due to numerous factors, including but not limited to a
decline in value in equity markets in general or the Funds'
investments specifically. Neither the Funds nor Voya Investment
Management undertake any responsibility to update publicly or
revise any forward-looking statement.
This information should not be used as a basis for legal and/or
tax advice. In any specific case, the parties involved should seek
the guidance and advice of their own legal and tax counsel.
About Voya Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of March 31,
2016, more than $203 billion
for affiliated and external institutions as well as individual
investors. With 40 years of history in asset management, Voya
Investment Management has the experience and resources to provide
clients with investment solutions with an emphasis on equities,
fixed income, and multi-asset strategies and solutions. For more
information, visit voyainvestments.com. Follow Voya Investment
Management on Twitter @VoyaInvestments.
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
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SOURCE Voya Investment Management